Credit Suisse Group set a $21.00 price objective on Chicago Bridge & Iron Company N.V. (NYSE:CBI) in a research report sent to investors on Tuesday, July 4th. The firm currently has a buy rating on the construction company’s stock.

CBI has been the subject of several other research reports. Argus lowered Chicago Bridge & Iron Company N.V. from a buy rating to a hold rating and set a $43.00 price target for the company. in a research note on Friday, March 17th. Zacks Investment Research lowered Chicago Bridge & Iron Company N.V. from a hold rating to a strong sell rating in a research note on Wednesday, March 15th. Citigroup Inc. cut their price target on Chicago Bridge & Iron Company N.V. from $36.00 to $32.00 and set a neutral rating for the company in a research note on Tuesday, May 9th. MKM Partners restated a buy rating and issued a $41.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, March 28th. Finally, Jefferies Group LLC restated a buy rating and issued a $35.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, May 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Chicago Bridge & Iron Company N.V. currently has a consensus rating of Hold and a consensus price target of $29.05.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded down 3.93% during mid-day trading on Tuesday, hitting $16.88. The stock had a trading volume of 3,805,810 shares. The stock’s 50-day moving average is $17.37 and its 200 day moving average is $25.88. The company’s market cap is $1.70 billion. Chicago Bridge & Iron Company N.V. has a 12 month low of $12.91 and a 12 month high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings data on Monday, May 8th. The construction company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by $0.71. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The business’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. On average, equities research analysts forecast that Chicago Bridge & Iron Company N.V. will post $3.08 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in shares of Chicago Bridge & Iron Company N.V. during the fourth quarter worth about $4,606,000. Comerica Bank raised its stake in shares of Chicago Bridge & Iron Company N.V. by 17.5% in the fourth quarter. Comerica Bank now owns 14,473 shares of the construction company’s stock worth $474,000 after buying an additional 2,154 shares during the last quarter. Federated Investors Inc. PA raised its stake in shares of Chicago Bridge & Iron Company N.V. by 99.6% in the fourth quarter. Federated Investors Inc. PA now owns 6,751 shares of the construction company’s stock worth $214,000 after buying an additional 3,369 shares during the last quarter. FMR LLC raised its stake in shares of Chicago Bridge & Iron Company N.V. by 245.9% in the fourth quarter. FMR LLC now owns 563,191 shares of the construction company’s stock worth $17,881,000 after buying an additional 400,375 shares during the last quarter. Finally, Credit Agricole S A raised its stake in shares of Chicago Bridge & Iron Company N.V. by 17.0% in the fourth quarter. Credit Agricole S A now owns 27,139 shares of the construction company’s stock worth $861,000 after buying an additional 3,939 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

About Chicago Bridge & Iron Company N.V.

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

Analyst Recommendations for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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